SEC Chair Demands Fast-Track Crypto Market Structure Bill as White House Imposes Tight Deadline

Regulatory hammer drops on crypto legislation timeline

SEC Chair Gary Gensler just turbocharged the crypto market structure debate—pushing Congress to fast-track legislation while the White House sets an unprecedented deadline. This isn't just bureaucratic maneuvering; it's a full-scale regulatory assault on digital asset ambiguity.

The Compliance Countdown Begins

Washington's moving at blockchain speed for once. Gensler's demand for accelerated legislation signals the SEC's finally treating crypto markets like traditional finance—whether the industry wants it or not. The White House deadline adds concrete stakes to what was previously theoretical debate.

Market Structure Showdown

This bill could redefine crypto trading in America. We're talking exchange regulations, custody requirements, and potentially even DeFi oversight—all crammed into a compressed timeline that's giving lobbyists migraines. The traditional finance playbook is being forced onto digital assets whether they fit or not.

Wall Street's watching with mixed amusement—nothing like watching crypto purists get a crash course in regulatory reality while hedge funds quietly position for the inevitable institutional wave. The revolution might be decentralized, but the rulebook's looking awfully familiar.

Atkins Urges SEC-CFTC Alignment as Lawmakers Push Market Structure Bill

“We want to see this get over the finish line,” Atkins said, referencing recent progress in Congress. He pointed to the passage of the GENIUS Act earlier this year, which gave statutory recognition to stablecoins, as evidence of growing momentum.

He added that the next priority is establishing a clear market structure framework that directs both the SEC and the CFTC to coordinate through joint rulemaking.

JUST IN:SEC Chair Paul Atkins provides an update on the crypto Market Structure Bill.

"It's important that we have a Market Structure Bill…We want to see this get over the finish line." pic.twitter.com/uUBxvOyRlO

The turnaround came following direct intervention from President Trump, showing the WHITE House’s role in shaping the digital asset agenda. The administration has set a deadline for the Crypto Assets Market Structure Act to reach President Trump’s desk by the end of 2025.

this is the most bullish news for crypto pic.twitter.com/IdxqXrs2yQ

White House Council of Advisors on Digital Assets executive director Patrick Witt reiterated at Korea Blockchain Week that the bill is expected to pass, describing it as a step toward reducing uncertainty in the crypto sector by clarifying SEC and CFTC jurisdictions.

The measure is part of a broader package that includes the Senate’s Responsible Financial Innovation Act, with provisions spanning stablecoins, market structure, and taxation.

Senate negotiations are ongoing as the Banking Committee prepares its version of the legislation. On September 22, twelve Senate Democrats released a joint statement calling for a bipartisan drafting process, stressing that digital assets, now a $4 trillion global market, require broad consensus.

A group of Senate Democrats has expressed support for a bipartisan crypto market structure bill, requesting collaboration with Republicans. #CryptoRegulation #Markethttps://t.co/J6mVj59Xsr

Lawmakers, including Senators Kirsten Gillibrand, Cory Booker, and Mark Warner, warned against moving forward with a Republican-led bill without equal input from Democrats.

They outlined seven principles for oversight, including clarifying SEC-CFTC jurisdiction, regulating non-security token spot markets, and addressing illicit finance risks.

Chairman Scott initially set a September 30 deadline to finalize the legislation, though aides now suggest discussions may extend into late October to allow for greater Democratic involvement.

The current draft proposes creating a joint SEC-CFTC committee to harmonize regulatory guidance while granting the CFTC expanded authority over digital assets not classified as securities.

Despite disagreements over authorship, lawmakers on both sides acknowledge the urgency of advancing a unified framework for digital assets. The coming weeks will determine whether bipartisan consensus can be reached before the bill proceeds to a full Senate vote.

SEC’s “Project Crypto” and New Legislation Signal Turning Point for U.S. Oversight

U.S. lawmakers are intensifying efforts to redefine digital asset oversight, with the SEC and its Chair, Paul Atkins, at the center of the debate.

A newly revised draft of the Responsible Financial Innovation Act has reignited debate over how U.S. regulators should oversee digital assets.

Released on September 7, the bill seeks to clarify the roles of the SEC and the CFTC while offering protections for developers in decentralized finance (DeFi) and emerging sectors such as decentralized physical infrastructure networks (DePINs).

A newly revised draft of crypto bill aims to clarify the regulatory responsibilities of the @SECGov and the @CFTC.#Crypto #Regulationhttps://t.co/nu2olPFXwI

The draft also proposes a Joint Advisory Committee on Digital Assets, requiring both agencies to publicly respond to its nonbinding recommendations.

“The SEC and CFTC must align to reduce regulatory overlap, eliminate unnecessary friction, and support innovation,” SEC Chair Paul Atkins and CFTC Acting Chair Caroline Pham said in a joint statement. A public roundtable is scheduled for September 29.

Meanwhile, House Republicans have linked the Anti-CBDC Act, which bans a Federal Reserve-issued retail digital dollar, with the bipartisan CLARITY Act to advance both measures through the Senate.

GENIUS Act, Anti-CBDC Act, and CLARITY Act pass crucial procedural vote 215-211 in Congress after Trump's decisive Oval Office intervention rescues stalled crypto agenda.#GeniusAct #Trumphttps://t.co/Lm2tCBbimp

Atkins has also outlined a friendlier stance toward crypto. Speaking at the Wyoming Blockchain Symposium, he said “very few” tokens should be considered securities, contrasting with former Chair Gary Gensler.

Paul Atkins unveiled Project Crypto last week, an initiative that Bitwise CIO Matt Hougan is calling the “most bullish” crypto document ever.#SEC #Cryptohttps://t.co/DFAbDyjDKH

The SEC’s “Project Crypto,” launched last month, is expected to publish initial guidance on tokenization and DeFi by late 2025